is a need for tax exempt income out there. municipalities overall are actually reducing their total amount of indebtedness this year for the fourth year in a row because more bonds are maturing and getting called than what is actually being issued. pso those are generating some more stability in pricing but municipals are still cheaper than taxables and they're tax exempt. >> thank you for your time. a lot of people are talking about it. people are also talking about national security. it's not often that protecting our energy infrastructure is part of the equation, but michael chertoff, former secretary of homeland security, is looking to change that. next, he's coming up, and we'll give his take on cyber security and what can be done to step that up as well. keep it right here. cnbc will be back after a short break. you want a loan to build a factory in america? you can't do that. nobody builds factories in the us anymore... you can't do that. using american raw materials makes no sense... you can't do that. you want to hire